After massive shares consolidation, directors are back to FUND RAISING via shares issuance to PP, ESOS, maybe RI, etc
NEXGRAM HOLDINGS BERHAD ("NEXGRAM" OR "COMPANY") PRIVATE PLACEMENT OF UP TO 10% OF THE NUMBER OF ISSUED SHARES IN THE COMPANY (EXCLUDING ANY TREASURY SHARES) PURSUANT TO THE GENERAL MANDATE OBTAINED FROM THE COMPANY'S SHAREHOLDERS ("PRIVATE PLACEMENT")
On behalf of the Board, TA Securities wishes to announce that the Board had on 20 December 2023 (“Price-fixing Date”) fixed the issue price for the first tranche of the Private Placement at RM0.0345 per Placement Share (“Issue Price”).
The Issue Price is at a discount of RM0.0036 or approximately 9.45% to the 5-day volume weighted average market price of Nexgram Shares up to and including 19 December 2023 (being the last market day immediately preceding the Price-fixing Date) of RM0.0381 per Nexgram Share.
================ Cheap lower issue price for specially selected undisclosed PP investors to have instant gain based on current price
================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance to PP, ESOS or asset acquisition
NEXGRAM HOLDINGS BERHAD ("NEXGRAM" OR "COMPANY") PRIVATE PLACEMENT OF UP TO 94,264,400 NEW ORDINARY SHARES IN THE COMPANY ("NEXGRAM SHARES"), REPRESENTING UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF NEXGRAM (EXCLUDING TREASURY SHARES) ("PRIVATE PLACEMENT") No. of shares issued under this corporate proposal 50,371,900 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0290 Par Value($$) (if applicable) Latest issued share capital after the above corporate proposal in the following Units 713,676,483 Issued Share Capital ($$) Malaysian Ringgit (MYR) 132,083,775.000 Listing Date 05 Feb 2024
======== Directors restart fund raising exercise via shares issuance to PP, ESOS and.... NOSH will increase massively in near future Share holders equity % and EPS will be diluted massively
Buy call 3 cents if can. Tp revisit 5.5 cents LGE say ong ah huat ah.the dap chairman. The price may surprise many. 17/2/24 5.43pm Can u believe now 201 follower.add me in as follower or paid(find in one of the pages).
The effect of the winding up order is that the business of the company is terminated and all the affairs of the winding up company shall be governed by a Liquidator. Please visit the Official Portal of the Malaysian Department of Insolvency for more information on company winding up / corporate insolvency.
KGROUP is the latest high NOSH low price penny stock proposing to do shares consolidation !!! This announcement is dated 19 Oct 2023.
=================== Be careful if holding high NOSH low price penny stocks for long term
Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants
Long term shareholders holding at high prices will incur huge losses from share consolidation
Winding-up announced, will be ka-puting. Brace yourself for negative QR results and massive dumping on 29 March onwards when the results are announced, they have planned this!!!!!! Massive dumping of converted ICPS will be made. It will go to Half cent in half to one year before delisting from open market!!!!!!!!!!!!!!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ncy810116
277 posts
Posted by ncy810116 > 2023-12-20 10:02 | Report Abuse
nice....